Yearly Archives: 2013

CyPhy Works Raises $7M Venture Funding for Civil & Military UAS Development

parcCyPhy Works, a developer of advanced Unmanned Aircraft Systems (UAS), announced the close of a $7 million financing round led by Lux Capital, with participation from General Catalyst Partners, Felicis Ventures and several undisclosed prominent angel investors. As part of the financing, Lux Capital Partner Bilal Zuberi will join the CyPhy Works board of directors. Continue reading

Boeing and Lockheed Martin Joined to Secure $100+ BN Long-Range Strike Bomber Contract

lockheed_martin_long_range_strike_1The United States military is tasked with developing new and ground breaking technologies, but budget issues are causing problems for numerous programmes on the chopping block. Don’t expect that to happen to the U.S. Air Force Long Range Strike-Bomber (LRS-B), an important step in modernising the military’s combat aircraft programme. Continue reading